Very red day for Auris Medical Holding AG stock price after -6.79% fall in Friday trading session
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-03 PDF
The Auris Medical Holding AG stock price fell by -6.79% on the last day (Friday, 3rd Dec 2021) from $1.62 to $1.51. and has now fallen 4 days in a row. During the day the stock fluctuated 8.67% from a day low at $1.50 to a day high of $1.63. The price has been going up and down for this period, and there has been a -10.12% loss for the last 2 weeks. Volume has increased on the last day by 85 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 292 thousand shares were bought and sold for approximately $440.66 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.65% during the next 3 months and, with a 90% probability hold a price between $1.01 and $1.72 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Auris Medical Holding AG stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.69 and $1.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 15, 2021, and so far it has fallen -37.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Auris Medical Holding AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss
Auris Medical Holding AG finds support from accumulated volume at $1.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.13 between high and low, or 8.67%. For the last week, the stock has had a daily average volatility of 11.00%.
Auris Medical Holding AG is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Auris Medical Holding AG stock A Buy?
Auris Medical Holding AG holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.989
Predicted Opening Price for Auris Medical Holding AG of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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